This makes me think of the relationship between gestation time and maximum age of the organism and the number of offspring. Maybe the next VC craze will be handing groups of 20 year olds 10k$ and some advice.
Apply with anything Apply with any type of project you need help with. It could be a company, physics research, journalism, or art. All you need to do is convince other applicants that your project is worth doing.
Play the Tournament Every week other participants will give you feedback and points. The more interesting your work, the higher your score will be. Each month, the top-ranked applicants become new Pioneers.
Become a Pioneer Pioneers receive a $1,000 investment with the possibility for a $100,000 follow-on, a round-trip ticket to San Francisco and access to a private online forum with other Pioneers. See the terms of the Pioneer offer.
not that bad of an idea imho.
a VC fund with 100mil can fund 10,000 groups of kids this way. Gives kids new opportunities socially (reduces teen delinquency), and the VC could hope to recoup if/when one of them becomes unicorn status.
Whoever is in charge of this fund is responsible for dolling out 100mm of other people's money.
How in the world does this group of investors responsibly filter and vet 10,000 suitable companies in a time effective manner? How do you effectively keep track of the founders and the money?
Are checks being written to 20 year olds without much scrutiny in the hope that a unicorn shows up without any real statistical basis for expecting such an event? I'd steer clear of that fund.
Sounds like whoever solves this will go on to be a very successful VC. Perhaps an application for AI, or a crowd-sourcing model?